Archive Europe: Economy


  • BERLIN, May 24- The mood among German analysts and investors worsened unexpectedly in May as risks, including a possible British exit from the European Union, cloud the outlook in Europe's biggest economy, a survey by think tank ZEW showed on Tuesday. "Uncertainties such as a possible Brexit do not allow a more optimistic outlook," ZEW president Achim Wambach.

  • Brexit poll results vary

    Peter Kellner, former president of YouGov, talks about the difference between telephone polls and online polls regarding the U.K. exiting the European Union. Also Kellner explains why he thinks the U.K. will remain in the E.U.

  • Austerity gets ‘tighter and tighter’ in Greece

    Without absolute debt forgiveness, Greece will reach a critical point where it can no longer sustain its debt situation, says Peter Rosenstreich, head of market strategy at Swissquote Bank.

  • How the Netherlands became a home for startups

    Neelie Kroes, special envoy for StartupDelta and former European Commissioner, says the Netherlands is doing a good job in attracting and aiding startups.

  • Would Brexit affect the Dutch market?

    Ralph Hamers, CEO of ING, says the Dutch market is the most open economy in the EU and talks about the impact if the U.K. left the European Union.

  • BERLIN, May 24- Strong private consumption and higher construction investment drove a 0.7 percent rise in German gross domestic product in the first quarter, more than offsetting weaker foreign trade in Europe's biggest economy, data showed on Tuesday. Confirming a preliminary reading for growth, the Federal Statistics Office said consumer spending and...

  • Established parties have lost traction: UBS chair

    Axel Weber, chairman at UBS, talks about risks related to the rise of non-centrist, fringe political parties in Europe and comments on Brexit.

  • Austria dodged a bullet: IIF CEO

    Tim Adams, president and CEO at IIF, comments on the results of the Austrian election and what it tells us about politics in Europe and the U.S.

  • European stocks opened lower on Tuesday following shaky investor sentiment in Asian markets.

  • *Spot gold edged down 0.1 percent to $1,247.30 per ounce by 0056 GMT. The metal fell to $1,242.63 an ounce, the lowest since April 28 on Monday. *San Francisco Fed President John Williams said the central bank is on track to hike rates in June or July despite risks such as a "Brexit" vote, and will continue with even more increases next year given U.S. economic strength, a...

  • Protesters shout slogans during a demonstration against a new package of tax hikes and reforms in front of the parliament building in Athens, Greece, May 22, 2016.

    The IMF said Monday that Greece's budget surplus and growth targets for its bailout program are unrealistically high and should be revised downward.

  • Protesters shout slogans during a demonstration against a new package of tax hikes and reforms in front of the parliament building in Athens, Greece, May 22, 2016.

    European leaders are again scrambling to revive Greece's economy, as Athens faces more debt payments it can't afford.

  • ATHENS, Greece— Alexis Tsipras doesn't wear a tie, but a growing number of his critics do. Effectively, no one in Greece can get a divorce, inherit property, sue for wrongful dismissal, or carry out any transaction that requires court approval. More than 200,000 trials have been postponed in Athens alone.

  • *Dollar falls vs yen after G7 meeting, Japan trade data. NEW YORK, May 23- The U.S. dollar gained against the euro on Monday after Federal Reserve officials made hawkish remarks on monetary policy, while the dollar slipped against the yen on Japanese trade data and U.S. resistance to currency intervention from Tokyo. The dollar was last down 0.71 percent at 109.36 yen...

  • EASTLEIGH, England, May 23- Leaving the European Union would be economic self-destruction for Britain, shattering stability, Prime Minister David Cameron said on Monday, presenting a finance ministry report warning of recession, a tumble in the pound, and half a million job losses. Cameron and finance minister George Osborne, who are campaigning for Britain to...

  • LONDON— British Prime Minister David Cameron has warned that Britain would be plunged into a "do-it-yourself" recession if it votes to leave the European Union in the June 23 referendum. He said Monday that choosing to leave the 28- nation bloc would be a "self-destruct option" for Britain. Cameron spoke after Britain's Treasury published an analysis warning of a...

  • *Germany and France purchasing managers report a better month. LONDON, May 23- Business growth across the euro zone dipped to a 16- month low in May but stronger showings from Germany and France suggest it is the smaller member countries that may be struggling. Individually, surveys showed growth in Germany's private sector accelerated to hit the fastest rate so...

  • Monsanto jumped 4 percent after the German drug and chemical maker Bayer offered to buy the agricultural products company for $62 billion. Exxon Mobil fell 1 percent Monday, one of the biggest declines in the Dow Jones industrial average. The price of benchmark U.S. crude oil fell 1 percent to just under $48 a barrel in New York.

  • Financial information company Markit found evidence that the slowdown is materializing. Though Germany and France, the eurozone's top two economies, performed robustly, Markit found other countries were cooling. Chris Williamson, Markit's chief economist, said the survey adds "further to the suggestion that the robust pace of economic growth seen in the...

  • A lab technician sorts corn plants in a greenhouse at the Monsanto Chesterfield Village facility in Chesterfield, Missouri.

    Our live blog tracked market reaction after Bayer CEO Werner Baumann told CNBC the $62 billion offer to buy Monsanto has no risks.

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